I like your connection between the availability of student loans and the price of college going up.

Having worked for a post-secondary educational institution in Canada, I had some access to our financing. About 15% of our budget comes from tuition fees. Another 5% from other sources, like alumni and businesses. The rest--about 80%--comes from the provincial government.

I'm not sure what the breakdown would be in the USA.

But having given the Canadian breakdown, Canadian students still have living expenses to deal with. That is probably where most of their student debt goes.

I'm an advocate of a UBI. With a UBI, all students will have their basic needs paid for if they decide to attend post-secondary institutions. That'll be a big difference in the economics.